I guess it's a line from c crossing a specific ratio (.5, .618, .886 which one?) of the line parallel to XA from D?
I noticed this type of profit target is special feature of shark pattern among harmonic patterns.
Snehath
⋅
Its a simple trendline protection. Once it breaks above the line, I will take my profit. It is simply drawn with a 45 degree line from the candle you take the trade.
Snehath
⋅
I will also now draw an accelerated trendline joining the tops of the downward movement. If this breaks, I will exit the trade.
can you explain the red line strategy?